Chesapeake Energy Corp (CHK)

[ogbull]

radar, I agree. sellers are not too willing to sell below $4.15. Buyers offering $4.14 but not many sellers taking the bait. Looks like we are building a solid base here. I see CHK making a solid return to $4.35 early next week and then on to $5.00 by June 15th as long as oil and gas holds here, which I believe it will. I think by mid-July we will be pushing $6.

I checked the weather forecast. Lots of heat and humidity. Air conditioners will be running like crazy. Mexico imports will also skyrocket this summer due to heat and humidity. From what I'm reading summer demand could exceed winter demand.

I also see ~6 hurricanes hitting the GOM, disrupting gas supply.

I hope management don't make any more stock swaps until we get back to $10 at least, which I see happening in January 2016. In fact, I think the financial situation is under control all the way through 2017. By then, we should should be nearly $20.00 per share.

I'm relaxed now... going out for the rest of the day.

Happy Trading!